Public Charity

INNOVATION DEPOT INC

Based in BIRMINGHAM, AL, INNOVATION DEPOT INC operates as a Public Charity. The organization reported $4.5M in revenue, $4.2M in expenses, $18.8M in total assets for fiscal year 2025. Imperigo tracks 8 reported grant relationships connected to this organization totaling approximately $273K.

EIN: 630917530 BIRMINGHAM, AL Latest filing: 2025
Total Revenue$4.5M
Total Expenses$4.2M
Total Assets$18.8M
Grant Records8
Funding Total$273K
Filing Years2021–2025

Mission

TO INCUBATE AND ACCELERATE TECH & BIO-FOCUED, HIGH GROWTH BUSINESS BY PROVIDING TEAMS WITH A PROVEN BLUEPRINT FOR SUCCESS, SUPPORT IN STRATEGIC AREAS, AND ACCESS TO AN INCLUSIVE AND SUPPORTIVE COMMUNITY. WE ADD VALUE BY BEING A CATALYST FOR GROWTH TO OUR MEMBERS AND PARTNERS.

Where $100 goes at Innovation Depot Inc

How Innovation Depot Inc divides every $100 it spends, from its own Form 990 filings, averaged across 10 years.

$83 Programs the work itself
$15 Management running the organization
$2 Fundraising raising the next dollar

Inside the $83 for programs

$83
Innovation Depot is a business incubation program operating in partnership with the university of alabama at Birmingham
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Bebe Goodrich
BOARD MEMBER Brian Edwards
CEO Brooke Gillis
BOARD MEMBER Chris Brown
BOAARD MEMBE Clayton Mobley
BOARD MEMBER Coreata Houser

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$135,000 4 grants
Economic Development
$63,000 2 grants
Unspecified
$75,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $4.5M $4.2M $18.8M
2024 $4.7M $3.9M $16.7M
2023 $5.7M $3.2M $16.2M
2022 $1.2M $1.7M $14.3M
2021 $3.2M $3.5M $15.8M

Between 2021 and 2025, reported annual revenue grew from $3.2M to $4.5M (+41%), with total assets most recently reported at $18.8M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for INNOVATION DEPOT INC

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